This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

In a tubeless tire, the tire and the rim of the wheel form an airtight seal, with valve being directly mounted on the rim. If a tubeless tire gets a puncture, air escapes only through the hole, leading to a gentle deflation. Due to absence of internal tube-tire structure, it helps eliminate friction due to rubbing between the tube and tire so it runs cooler compared to the tube type tire.

Increasing vehicle production and rising preference for tubeless tire due to various benefits such as easy puncture repair, more comfortable for high speed, and lower tire pressure which gives a better control over the vehicle are major factors driving growth of the global automotive tubeless tire market. In addition, increasing adoption of tubeless tire from two wheelers in developing countries such as India and China is further expected to support growth of the global automotive tubeless tire market.

Moreover, rising fuel prices and growing demand for tires that is cost saving and fuel efficient is another factor expected to support growth of the global automotive tubeless tire market in near future.

However, fluctuating raw material prices is a major factor restraining growth of the global automotive tubeless tire market.

Technological advancements and increasing R&D activities by manufacturers and development of light weight tire is expected to create new opportunities in terms of revenue to players operating in the global automotive tubeless tire market over the forecast period.

Asia Pacific market is expected to dominate in the global automotive tubeless tire market with higher revenue share as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to growing vehicle production, increasing adoption from two wheelers, and presence of prominent players operating in countries in this region. North America and Europe markets account for significant revenue share in the global automotive tubeless tire market, followed by markets in Latin America and Middle East & Africa respectively. The market in Europe is projected to register fastest growth in terms of revenue.

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